China on Thursday welcomed US President Donald Trump's "goodwill" gesture to postpone a planned tariff hike on Chinese products, as the two countries warmed up to each other ahead of next month's talks to end their bruising trade war.

President Trump on Wednesday had said that he had delayed his proposed increased tariffs on $250 billion worth of Chinese goods from October 1 to October 15.

Meanwhile, domestic bourses opened on a cautious note on Friday with benchmark indices Sensex trading 19.29 points lower at 37,084.99 and Nifty down 1.50 points at 10,981.30.

Strengthening of the American currency vis-a-vis other currencies overseas also weighed on the local unit. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose marginally by 0.02% to 98.32.

Foreign institutional investors (FIIs) remained net buyers in the capital market, putting in Rs 783.55 crore on Thursday, according to provisional exchange data.